Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure supports the formation of nucleoside analogs, which can interfere with DNA or RNA synthesis in pathogens or tumor cells. Also employed in agrochemicals for creating herbicides and plant growth regulators due to its ability to mimic biological nitrogen-containing compounds. Additionally, it serves as a building block in the preparation of functional dyes and optical brighteners in textile and paper industries.